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Canada's Potential Growth; Another Victim of the Crisis?

Estevão, Marcello M.; Tsounta, Evridiki - International Monetary Fund (IMF) - 2010

This study investigates the impact of the current financial crisis on Canada's potential GDP growth. Using a simple accounting framework to decompose trend GDP growth into changes in capital, labor services and total factor productivity, we find a sizeable drop in Canadian potential growth in...

Persistent link: https://www.econbiz.de/10008561074

Recent reforms of the tax and benefit systems in the framework of flexicurity

Carone, Giuseppe; Stovicek, Klara; Pierini, Fabiana; … - Volkswirtschaftliche Fakultät, … - 2009

This paper provides an analysis of recent reforms of tax-benefit systems and a preliminary assessment of their impact on financial incentives to work and on labour supply. Many Member States have introduced policies to “make work pay” and have targeted low-wage workers with the aim of...

Persistent link: https://www.econbiz.de/10008565130

A Common Unemployment Insurance System for the Euro Area

Dullien, Sebastian; Fichtner, Ferdinand - In: DIW Economic Bulletin 3 (2013) 1, pp. 9-14

A European transfer system could contribute to stabilization of the euro area by synchronizing business cycles in the monetary union, thus simplifying the common monetary policy. Such a system is proposed here in the form of a European unemployment insurance scheme. Compared to other forms of...

Persistent link: https://www.econbiz.de/10010896096

Optimal labor market policy with search frictions and risk-averse workers

Michau, Jean-Baptiste - HAL - 2012

This paper characterizes the optimal policy within a dynamic search model of the labor market with risk-averse workers. In a first-best allocation of resources, unemployment benefits should provide perfect insurance against the unemployment risk, layoff taxes are necessary to induce...

Persistent link: https://www.econbiz.de/10010899385

Optimal Unemployment Insurance for Older Workers

Hairault, Jean-Olivier; Langot, François; Ménard, … - HAL - 2012

This paper studies the optimal unemployment insurance for older workers in a repeated principal-agent model, where the search intensity of risk-averse workers (the agents) is not observed by the risk-neutral insurance agency (the principal). When unemployment benefits are the only available...

Persistent link: https://www.econbiz.de/10010899974

Child Labor, Idiosyncratic Shocks, and Social Policy

Fabre, Alice; Pallage, Stéphane - 2013

In this paper, we provide a dynamic model with heterogeneous agents to study child labor in an economy with idiosyncratic shocks to employment. Households facing adverse shocks may use child labor as a buffer to smooth consumption. We show that the introduction of an unemployment insurance...

Persistent link: https://www.econbiz.de/10010900269

Effects of a higher replacement rate on unemployment durations, employment, and earnings

Eugster, Beatrix - School of Economics and Political Science, Universität … - 2013

This paper discusses the effects of a higher unemployment benefit replacement rate on unemployment durations, employment, and earnings. A reform of unemployment insurance in Switzerland in July 2003 increased the replacement rate by up to 5.88 p.p. for individuals who earned between 3,536 and...

Persistent link: https://www.econbiz.de/10010693333

Assessing the Welfare Effects of Unemployment Benefits Using the Regression Kink Design

Landais, Camille - Institute for the Study of Labor (IZA) - 2013

-parametrically identify the effect of both benefit level and potential duration in the regression kink (RK) design using kinks in the schedule …-to-employment profile brought about by exogenous variations in the benefit level as well as in the benefit duration. I then use these … estimates to calibrate the welfare effects of an increase in UI benefit level and in UI potential duration. …

Persistent link: https://www.econbiz.de/10010695864

Market Externalities of Large Unemployment Insurance Extension Programs

Lalive, Rafael; Landais, Camille; Zweimüller, Josef - Départment d'économétrie et d'économie politique … - 2013

unemployment duration and probability of long term unemployment decrease. These effects are the largest when the program intensity …

Persistent link: https://www.econbiz.de/10010696484

Unemployment insurance in the presence of an informal

Bardey, David; Jaramillo, Fermando; Pena, Ximena - UNIVERSIDAD DEL ROSARIO - 2013

Abstract: We study the effect of UI benefits in a typical developing country where the informal sector is sizeable and persistent. In a partial equilibrium environment, ruling out the macroeconomic consequences of UI benefits, we characterize the stationary equilibrium of an economy where...

Persistent link: https://www.econbiz.de/10010763250